Thursday, October 15, 2026

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FxWirePro: EUR/JPY slips from 2-week high, could extend weakness on break below 20-DMA at 114.88

EUR/JPY retraced yesterday’s gains to 2-week highs of 116.42, and closed below the 116 handle. Downside finds strong support by 20-DMA at 114.88, break below could see extension of weakness upto 113.55 levels. Our previo…

By FxWire Pro
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FxWirePro: EUR/JPY slips from 2-week high, could extend weakness on break below 20-DMA at 114.88
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  • EUR/JPY retraced yesterday’s gains to 2-week highs of 116.42, and closed below the 116 handle.
     
  • Downside finds strong support by 20-DMA at 114.88, break below could see extension of weakness upto 113.55 levels.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-finds-strong-resistance-at-11442-good-to-long-breakout-above-234468) has achieved all targets.
     
  • Immediate support and resistance are now seen at 115.17 (trendline) and 115.73 (1H 20-MA).
     
  • Eurozone industrial production and Chinese trade data due later in the EU session cloud influence direction in the pair.
     

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By FxWirePro Team